RE: https://law.justia.com/cases/texas/first-court-of-appeals/2022/01-21-00125-cv.html21 May 2022 10:49
Chris 1st great info found & thanks. Avi8R Excellent summery of where Frr concerning court cases & very much agree that the what used to be a very big can of worms, is now very, very much smaller. So Frr are still looking like they will beat the wrap, as previously mentioned & even though we (shareholders) do not know where we will stand on the former happening. I am feeling more positive on that something worthwhile will come out of all of this for the shareholders, but still work to be done. Nowhere near as much as previous though.
Looed Thanks for great info. Even though the FIC case, is the most important one to think on & as mentioned hope that Frr come to an agreement with Hope at somepoint in 2022. The case that I also would like to see news on is where Frr are going for ZMs shares of Frr & on that would have thought the costs against ZM will help in Frr taking them back of which will reduce the amount of shares in issue on last day of trading of a % think around 6/7% of the 16B shares.
RE: September 2021-SoS statement for Natural Gas16 May 2022 20:19
Agree Great find & very interesting on that the named areas are being developed. Two of which was under Frr's control & a % of one or both should still be. So even though nothing has come from Frr officially they might be carrying out work on the % Frr still have
On it being the case that the license for the 1%, is extended until 2027 then Frr can sell it on. On above though GG would have a say in it because they are the ones who can renew the licence completely for around the 20yrs , as mentioned. Without it being extended well beyond 2027 then would think that nobody would buy it off Frr. So there is a chance that GG will, just let the licence lapse, but Frr do seem to have improved their relations with GG.. So need to see what info comes out through rest of this year.
I did not think it had that long left, but as Frr gave up 99% of land then would think that as you say the licence would be extended. On it still having until 2027 then if Frr can sell on what is left that ext would give the buyer time to have the licence renewed for something like 20yrs.
I would also say that Frr are out of it. Hope went cap in hand to GG, but he did not get the response he was hoping on. On the FTI would say that up until now they have not done a great job, as think it was them that handed over the assett to Green Capital & Frr did more in retrieving it then they did. Last of all GG will be the ones who decide on where it goes, as they can let the license lapse of which is not that far away & without it the assett would think, is not worth anything. Last year, it was looking like Frr was starting to have talks with GG & that can only improve Frr's position. Enjoy
Monty Would agree that it just might be. On an Rns on total voting rights being released would think that would not happen before any fundraise or warrants on sp reaching the right mark, but after. So just need to see/ hope there is no update Rns's over next few weeks & that would surely mean there is talks going on. Thanks to all for the exceent info & comments, since the purchase of Bushranger.
Earsbern Would think.what you mention, is possible. Especially as mentioned few days ago the main assett was transferred over to another part of Frr that had not gone into liqudation & GG have given their ok for the transfer.
Think that all would take the $500M that mentioned couple of weeks back & that is what Frr have said probably more then a few times what they have invested in Georgia. Overall though at moment cannot see a sell of Frr until 2023 & that is, if it actually happens.
The part that FTI could liqudate of Frr did not hold any meaningful assets, as Frr had transferred them & not that long ago GG had given their ok on it. So on those 2 dockets that was posted would think should not be a problem.
It has been mentioned by Frr a couple of times thar they have/are in talks with Hope (Outride). Let's hope that sometime soon Frr can actually talk to shareholders through a statement & give a positive on an agreement being reached.